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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not   k8 l. K) I; A+ V6 U# I
expect much from Crude Oil producers and future is not with the
: Y* r& a. a' x! x  Scompanies producing Jet fuels but Biofuels. Also no wonder if some of
, ?) W; w& g1 D- q( l4 @: gthese oil producer will go bankrupt or out of the business even if ' g6 x2 T4 e; R. W# }+ P7 B0 u
crude prices improves. This implies also to good names such as Shell,
4 [; q, B! S9 u; ]EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few 8 C, j' n- ]3 P6 N9 P5 ~
months. There are three wars going on in Gaza, Iraq and Afghandistan.
2 \4 H% [3 d; k1 R* ZA year ago these things would have spiked the price of crude oil by at % y8 \' u: h( a
least $50.00 per barrel. Today, oil price declined by a record amount. , ~( C1 y1 \+ u+ e1 H' ]! P
6 {( G+ p2 L7 ~$ g
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There are several reasons the price of oil is decreasing in the face " o2 j2 u* K% z8 p' E( R- E8 {
of so much news. These reasons are: 3 z- ]9 f9 r7 b9 F

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, b6 A' H$ {" i* h0 w, g( [1. New oil has been found in Canada, Montana, North & South Dakota and
- Q5 D" {& z1 P4 t; ~( l; }% c6 Q; C& Vin the ocean near Brazil. Each of these oil fields has more oil than 9 R9 g4 J2 F! e# Q
Arabia. 3 G, ?; M& I1 {) B

4 n! p5 j* `) b  |' l! k5 D& Z5 O* e/ S% q# M- K) ~% \: A4 j
2. New natural gas has been found in Pennsylvania and West Virginia.
" s/ `' ^2 I& C* l9 b# L% tThis is the largest find in North America. % J4 M6 }( }; P
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3. New methods of injecting CO2 and surfactants into oil wells is
  D& e0 p5 y! O' v2 s/ O3 \being used to double their output.
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- L" ^) b7 s/ O( M: l( G( B4. Production of bio-fuels is beginning to reach critical mass. Bio : X, Q7 N# k/ v3 c! z/ G- p' F' c- z, W
fuel is being produced from many plants and algae. The production
) @0 T3 _; f0 C  }2 |/ opotential per acre in some cases is astounding. Many countries are
# G! w6 W3 ^( C6 w% B0 s) Yracing to produce bio fuels.
/ c6 L1 C/ b# K! X/ F3 _' X7 h* g9 Z" G8 z$ [
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5. Virtually every restaurant in the US and all food processing plants
, C8 q; A9 L' T) s3 {! v" jare now selling their used oil to bio-diesel producers. Every pork,
0 A1 I5 D0 c+ ~- ^cattle, turkey and chicken processing plant will soon sell their fat ' b4 v, `9 k9 m6 J# v
to bio-diesel producers. One pork processing plant in Oklahoma is ! _. R+ {7 b! s  c5 Q0 N  Y
producing 30,000 gallons of bio-diesel per day from pork fat.   J3 W5 O; r" D2 T+ }3 u* V

9 @3 ^7 z: s% x2 h9 m( c" |5 b+ Z: Y% J/ |; _; e3 g8 o
6. There are 99 nuclear reactors in various stages of planning and / I4 T" [% }1 A( e  p  o3 T
construction around the world at this time. Several hundred more are 5 J" r8 t* D! d. L$ \
expected to be built in the future. Much of the energy they produce   {: }+ ]- T# N0 S
will replace oil.
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3 G' ]2 I5 g; @" h  K7. Every company in any form of transportaion business is replacing : |3 U% ^. V* x& t1 ], `
older equipment such as trucks, airplanes, train engines, ships, etc. , F2 a2 @: y$ ]: M7 p  E3 h3 P- i
with new more fuel efficient equipment. Airlines and railway companies - i9 c, ~+ @* R3 s7 \& `8 m
are experiencing 20% to 25% better fuel econony with the new
) Q. _9 T; E! A$ t( Y( ]; c: mequipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio- % ~1 x5 h0 w7 z' i0 u
fuel is cleaner and performs better than jet fuel.
' z/ h3 _2 n6 I2 ?) Q( Q$ N! {2 F% O. j+ F$ {

7 X9 H5 ]) `% e5 P" f0 I8. Cities and counties throughout the US are selling the rights to
( o1 l: W3 P4 K& F  Rcapture methane gas from landfills. This is a huge source of gas 1 J4 _; I! e+ Z! b3 a
available at very little cost or risk. The gas is displacing crude
3 Z2 \2 W2 _8 k; K& ]! k/ V4 noil. 0 k  Z( b5 O, W  w: f. t5 [/ l
# v! y* q/ \8 x6 O, n4 K/ B
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 ) I7 X# k; T0 L! F! d, S
produced as a byproduct is sold to oil companies for injection into 0 _/ P; R! w! ~* G) u0 E" {2 a# E0 c
oil wells. # e0 K% S0 }- ]& Z# A* I; F1 E
( E; ?2 j( ~+ T

+ m1 s. P. W/ W7 L10. Solar, wind and ocean energy is displacing oil as an energy
. T% P& }) D! u" `7 tsource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the * n6 Y  \( D' f: _: k* N
price of crude oil but the sum of all of them together is world
* O# E& ~( I6 ?. G) kchanging. The important thing is that OPEC no longer has the ability
" _7 f, A5 j: ~8 `# |. Y& Hto control oil prices.
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! o/ z9 p# j, d% W, F  b4 KWith the above scenario, I still believe that there are under
" z  i5 {2 l! U, l) Iperformed OIL companies and probably they are yet to get the justified & d+ D, Z) D3 o- h# P
value .....
  \2 X1 \- m9 X2 s' _& }IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... " B" l9 ~; a: U

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1 ~# I5 V: M  n5 h& d3 v% r; E1 IThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
/ r! \& k2 U: p% c& E  J2009 ... FYI-Only
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